Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors that they
have until April 27, 2015 to file lead plaintiff applications in
a securities class action lawsuit against Volaris Aviation Holding
Company (NYSE: VLRS) if they purchased the Company’s Ordinary
Participation Certificates in the form of American Depositary Shares in
and/or traceable to the Company’s initial public offering (“IPO”) on or
about September 18, 2013. This action is pending in the United States
District Court for the Southern District of New York.
What You May Do
If you purchased shares of Volaris and would like to discuss your legal
rights and how this case might affect you and your right to recover for
your economic loss, you may, without obligation or cost to you, call
toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com).
If you wish to serve as a lead plaintiff in this class action, you must
petition the Court by April 27, 2015.
About the Lawsuit
Volaris and certain of its executives are charged with failing to
disclose material information in connection with its IPO, violating
federal securities laws.
The lawsuit alleges that the Registration Statement issued in connection
with the IPO negligently contained financial statements that violated
applicable accounting standards and failed to disclose certain material
events known to defendants that caused the financial information in the
Registration Statement not to be indicative of Volaris’s future
operating results, including: (i) the financial effects from a change in
the Company’s airline reservation system; and (ii) an expansion of
competition in the Tijuana and Guadalajara, Mexico markets, which was
having a material adverse effect on the Company’s revenues and profit
margins.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana
Attorney General, Charles C. Foti, Jr., and other lawyers with
significant experience litigating complex securities class actions
nationwide on behalf of both institutional and individual shareholders,
you may visit www.ksfcounsel.com.
Copyright Business Wire 2015